GlobalData’s latest report, ‘Sub-Saharan Africa Upstream Development Outlook, 2021–2025,’ indicates that a total of 52 key crude and natural gas projects are expected to start operations in 19 countries. Among these, 16 represent the number of planned projects with identified development plans (post-FID) and 36 represent the number of early-stage announced projects that are undergoing conceptual studies and that are yet to be approved for development (pre-FID).
In terms of the number of planned oil and gas projects, Nigeria leads among countries with five projects, followed by Mozambique with three projects. In terms of announced projects, Nigeria leads with 16, followed by Angola with five projects.
Shallow water terrain has the highest number of projects with 21, followed by onshore with 16, deepwater terrain with eight and ultra-deepwater terrain with six.
In the sub-Saharan Africa region, of all the planned and announced projects that are expected to come online by 2025, eight projects are expected to be developed with FPSO while six projects would use the subsea systems.